On the Disclosure of the Cost of Investment Management

Abstract

This paper argues that no good reasons have been put forward for why all the costs of investment management, both visible and hidden, should not ultimately be fully disclosed. They are after all genuine costs borne by the investor. Furthermore, recent studies have shown that hidden costs are at least as high as visible costs, if not much higher. Full transparency could be introduced in stages.

Publication Type:

Monograph
(Discussion Paper)

Additional Information:

Available at http://www.pensions-institute.org/workingpapers/wp1407.pdf